Hyde Park Venture Partners, a Chicago-based venture capital firm with an office in Indianapolis, announced on Wednesday that it has raised $100 million from investors for its third venture fund.
Hyde Park said the fund exceeded its goal of $75 million and closed at its hard cap of $100 million. The fund was backed by repeat institutional investors including Richard King Mellon Foundation, Renaissance Venture Capital and the Illinois Growth and Innovation Fund.
The firm, which was founded in 2011 and opened an Indianapolis office in 2015. It has invested in several locally-founded companies, including High Alpha, Demand Jump, TinderBox, Bolstra and Clear Software.
The company typically makes early-stage investments of $100,000 to $250,000 in high-growth, mid-continent technology startups.
Hyde Park raised $25 million for its debut fund, which it used to invest in G2 (formerly G2 Crowd) and FourKites among others. With its second fund of $65 million, the firm invested in companies including ShipBob, Terminus, and VNDLY.
The firm said its portfolio companies have raised more than $730 million in follow-on financing rounds from investors including Accel, Bain Capital Ventures, Emergence Capital and Menlo Ventures.